U.S. Reaches 15% Tariff Deal With South Korea Ahead Of August Deadline

Topline

The U.S. and South Korea agreed to a trade deal Wednesday that will enforce a 15% tariff rate on the U.S. ally that is one of the country’s top trade partners, President Donald Trump said, striking the agreement ahead of an Aug. 1 deadline Trump has set for trading partners worldwide to agree to tariff deals.

Key Facts

Trump said South Korea agreed to a tariff of 15% and that the U.S. would not receive any tariffs in response.

This is a developing story. Check back for updates.